Monday, December 31, 2012

Why everyone loses but the lawyers in Toyota's unintended acceleration settlement

Why everyone loses but the lawyers in Toyota's unintended acceleration settlement

The Toyota settlement recently submitted to US District Judge James Selna for approval will cost the company anywhere from $1 billion to $1.4 billion. All to settle the class-action suit brought against it for economic losses stemming from claims of unintended acceleration. This suit only addresses the perceived loss-of-value that Toyota owners and lessees feel they have suffered, alleging their cars were the victims of unintended depreciation even if they did not directly suffer from the alleged cases of unintended/sudden acceleration.

Autoblog , Why everyone loses but the lawyers in Toyota's unintended acceleration settlement, Why everyone loses but the lawyers in Toyota's unintended acceleration settlement